A Comment on ‘Entrpreneur or Manager: Who Really Runs the Firm?’
نویسنده
چکیده
In this journal De Fraja studied the choice problem faced by the owner of a valuable project. He could run the project himself or sell it to an outside investor and work as a manager. The main result was that both cases are possible. Numerical simulation was used for the derivation. Unfortunately the results are flawed. It is possible to prove that it is always optimal for the owner to work as a manager. In the following corrected results will be presented. Moreover , it will be indicated under what additional constraints the results claimed by De Fraja will hold.
منابع مشابه
Does Management Really Matter? And If so, to Who?; Comment on “Management Matters: A Leverage Point for Health Systems Strengthening in Global Health”
The editorial is commendable and I agree with many of the points raised. Management is an important aspect of health system strengthening which is often overlooked. In order to build the capacity of management, we need to consider other factors such as, the environment within which managers work, their numbers, support systems and distribution. Effective leadership is an issue which cannot be o...
متن کاملWhat Really Matters: Living Longer or Living Healthier; Comment on “Shanghai Rising: Health Improvements as Measured by Avoidable Mortality Since 2000”
The decline in Avoidable Mortality (AM) and increase in life expectancy in Shanghai is impressive. Gusmano and colleagues suggested that Shanghai’s improved health system has contributed significantly to this decline in AM. However, when compared to other global cities, Shanghai’s life expectancy at birth is improving as London and New York City, but has yet to surpass that of Hong Kong, Tokyo,...
متن کاملمدیر موفق کیست؟
Who is a really successful manager? A manager who spends less money, or the one who earns more? A manager who can survive for a longer period of time, or an administrator who expands his organization, and opens up new branches? Which one is the most successful? The article tries to answer these questions and provides, some simple guidlines for the managers in every domain of management who wan...
متن کاملNecessary but Not Sufficient…; Comment on “Knowledge Mobilization in Healthcare Organizations: A View From the Resource-Based View of the Firm”
The challenge of mobilizing knowledge to improve patient care, population health and ensure effective use of resources is an enduring one in healthcare systems across the world. This commentary reflects on an earlier paper by Ferlie and colleagues that proposes the resource-based view (RBV) of the firm as a useful theoretical lens through which to study knowledge mobilization in healthcare. Spe...
متن کاملIs the Role of Physicians Really Evolving Due to Non-physician Clinicians Predominance in Staff Makeup in Sub-Saharan African Health Systems?; Comment on “Non-physician Clinicians in Sub-Saharan Africa and the Evolving Role of Physicians”
Health workforce shortages in Sub-Saharan Africa are widely recognized, particularly of physicians, leading the training and deployment of Non-physician clinicians (NPCs). The paper by Eyal et al provides interesting and legitimate viewpoints on evolving role of physicians in context of decisive increase of NPCss in Sub-Saharan Africa. Certainly, in short or mid-term, NPCs will continue to be a...
متن کاملذخیره در منابع من
با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید
عنوان ژورنال:
دوره شماره
صفحات -
تاریخ انتشار 2000